Germany, Stuck with Massive Bill for Ukraine, Asks Russia for Help

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Germany, Stuck with Massive Bill for Ukraine, Asks Russia for Help

IMF: Ukraine Weeks Away from Economic Collapse - $15 billion urgently needed

With 1 hand EU asks Russia for financial help, with other it bombs ethnic Russians in East Ukraine, sanctions Russian economy...

Black hole of Ukraine finances becoming a political liability for EU leaders

EU demanding austerity from Ukraine while population struggles with grinding poverty, economic collapse

EU policy towards Russia/Ukraine poorly conceived, in danger of collapsing due to contradictions

http://www.network54.com/Forum/84302/thread/1418328144/last-1418328144/Germany%2C+Stuck+with+Massive+Bill+for+Ukraine%2C+Asks+Russia+for+Help

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U.S. to back $2 billion in loan guarantees for Ukraine

WASHINGTON Tue Jan 13,

(Reuters) - The United States plans to provide up to $2 billion in loan guarantees to Ukraine this year, the U.S. Treasury said on Tuesday, as part of a broader international package to stave off bankruptcy.

Like other major donors to the country, Treasury said the guarantees would be contingent on the former Soviet republic remaining on track to meet the conditions of its loan program from the International Monetary Fund. IMF officials are in Kiev this week to resume negotiations on the package, currently worth $17 billion.

Ukraine's government hopes the IMF's visit will lead to a bigger aid program as its economy has been pushed close to bankruptcy by a pro-Russian separatist war in the east and the government faces huge debt repayments.

http://www.reuters.com/article/2015/01/13/us-usa-ukraine-treasury-idUSKBN0KM1HL20150113

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Is The Breakup Of Ukraine Inevitable?

11/12/2014

Ukraine is the very definition of the word “inevitable” — that which cannot be avoided. Ukraine is going broke. It may lose more of its territory. Investors are running for the door, betting that things are going to get worse. All of this is now unavoidable

http://www.forbes.com/sites/kenrapoza/2014/11/12/is-the-breakup-of-ukraine-inevitable/

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Russia shifts to tougher economic relationship with Ukraine

Russian PM says Moscow’s relationship with Ukraine would now be based on purely ‘rational and pragmatic’ terms that put Russian interests first

Reuters

Published: 14:46 December 15, 2014

Moscow: Moving closer to the European Union offers no panacea for Ukraine’s financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday.

He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine’s economy but the relationship would from now on be based on purely “rational and pragmatic” terms that put Russian interests first.

“We will no longer support the Ukrainian economy. It is a burden for us and to be honest, we are tired of it,” he wrote in Nezavisimaya Gazeta, a privately owned daily newspaper.

http://gulfnews.com/business/economy/russia-shifts-to-tougher-economic-relationship-with-ukraine-1.1427069

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The I.M.F. has identified a $15bn shortfall in its bailout for war-torn Ukraine. The gap need to be filled within weeks to avoid financial collapse.

G. Osborne, the UK finance minister, saying the EU was now asking for help from Russia at the same time it was sanctioning the Kremlin for its actions in Ukraine.

Quote :: IMF warns Ukraine bailout at risk of collapse

December 9, 2014 7:27 pm

Peter Spiegel in Brussels and Roman Olearchyk in Kiev

http://www.ft.com/intl/cms/s/0/9a3efede-7fc5-11e4-acf3-00144feabdc0.html?siteedition=intl#axzz3MBp60HiF

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Ukraine's hryvnia plunges after foreign currency auctions scrapped

Thu Feb 5, 2015

KIEV, Feb 5 (Reuters) - Ukraine's hryvnia currency plunged about 30 percent against the dollar on Thursday, traders said, after the central bank abandoned the foreign currency auctions that had effectively pegged the exchange rate.

With the hryvnia declining even before Thursday's drop, and Ukraine's foreign exchange reserves falling to $6.4 billion - barely enough to cover five weeks of imports - the bank has few ways to revive an economy on the brink of bankruptcy.

http://www.reuters.com/article/2015/02/05/ukraine-crisis-rate-idUSL6N0VF1UF20150205

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Ukraine is on the brink of economic collapse.

CNNMoney (London) March 5, 2015:

Its central bank raised benchmark interest rates from 19.5% to 30% effective Wednesday. Ukraine's currency, the hryvnia, has lost nearly 70% of its value against the dollar in just a year. GDP shrank by 7% in 2014.

http://money.cnn.com/2015/03/04/news/economy/ukraine-economy-war/

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Poroshenko Tells Ukrainians IMF Loan Is Not for Them

Ukrainian president explains enormous IMF loan won’t help ordinary Ukrainians. Will be used to pay foreign creditors and fund the ongoing civil war

Alexander Reed Kelly

(TruthDig)

Ukraine Mon, Mar 16

http://russia-insider.com/en/2015/03/16/4530

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Chinese diplomat tells West to consider Russia's security concerns over Ukraine

BEIJING Fri Feb 27, 2015

(Reuters) - Western powers should take into consideration Russia's legitimate security concerns over Ukraine, a top Chinese diplomat has said in an unusually frank and open display of support for Moscow's position in the crisis.

Qu Xing, China's ambassador to Belgium, was quoted by state news agency Xinhua late on Thursday as blaming competition between Russia and the West for the Ukraine crisis, urging Western powers to "abandon the zero-sum mentality" with Russia.

He said the "nature and root cause" of the crisis was the "game" between Russia and Western powers, including the United States and the European Union.

http://www.reuters.com/article/2015/02/27/us-china-ukraine-idUSKBN0LV0H120150227

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Yatsenyuk has reportedly obtained a Canadian passport

The Ukrainian Maidaneks, at least those whose whose brains are still functioning, realize that their creation will unavoidably lead to an outburst of vengeance. With that in mind, they are opening lines of retreat and preparing reserve airfields. But only those who can afford it.

If one is to believe PolitNavigator, Yatsenyuk recently obtained a second passport, having received Canada’s citizenship. Canada does not prohibit dual citizenship, while it is forbidden by law in Ukraine. Incidentally, a Canadian citizenship would be a guarantee of Yatsenyuk’s and his family’s life by “western partners” should the events take a more radical course.

Canada was one of the first countries which recognized the February 2014 Yatsenyuk government after the coup. So far there are no documents proving his Canadian citizenship, however, this is not a unique phenomenon.

The web site Ukrainskaya Pravda reported about the Israeli citizenship of the current head of the Poroshenko Block, Yuriy Lutsenko.

http://wakeupfromyourslumber.com/yatsenyuk-has-reportedly-obtained-a-canadian-passport/